Is Roseau County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Roseau County has remained a Buyer's Market.
Key Takeaway
Roseau County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roseau County, MN
How much do homes in Roseau County, MN cost?
Median Sold Price
$200,850
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Roseau County have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Roseau County was $200,850 in April 2024, up 9.8% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $123.5K | $163.4K | +32.3% |
| 3 Bedrooms | $178K | $184K | +3.4% |
| 4 Bedrooms | $245K | $248.4K | +1.4% |
| 5+ Bedrooms | $360.9K | $284.2K | -21.3% |
Summary: Roseau County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Counties
| Roseau County | $183K | $200.8K | +9.8% |
| Beltrami County | $250K | $261K | +4.4% |
| Marshall County | $141K | $135K | -4.3% |
| Lake of the Woods County | $208.7K | $195K | -6.6% |
Housing Supply in Roseau County, MN
How many homes are available in Roseau County, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 84 | +13.5% |
Summary: The Roseau County real estate market had 84 homes for sale in April 2024, a 13.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Roseau County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Roseau County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Roseau County in April 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Roseau County, MN
How long does it take to sell a home in Roseau County, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 119 Days | +216.4% |
Summary: Homes in Roseau County had an average of 119 days on market in Apr 2024, up by 216.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Roseau County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Roseau County; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
